Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Sidelines Mode (+55) - MGAEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been DOWN since Jan 4th, 2021 at 0.00020796
The intermediate-term trend has been UP since Jan 14th, 2021 at 0.00021804
The short-term trend has been DOWN since Feb 23rd, 2021 at 0.00021973
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).